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Tim; GARDEN ISLAND, TUESDAY, OCT. 19, 1920
1
Save Your Clothing
p COXOMY demands tbat Ihc expensive shirt, the fine gown
or the suit lie laundered, cleaned or dyed only by
THE METHOD EXQUISITE
of the
FRENCH LAUNDRY
and DYKING AND CLEANING WOKKS
J. ABADIE, Prop. . Honolulu
(Bend the package by Parcels Tost)
Why Iron Rusts
f A M E R I C AN "t
Armco Prove that
pure material I
aafe from element
AUMCO, the iron that has gained such a world-wide repu
tation for its rust resist iiig qualities, owes its fame to
(nothing more mysterious lhan the fact that it is a fine, close
grained iron !!K.S1 per cent pure.
It oilers no chance for rust to get hold or work on it.
Honolulu Iron Works o.
Wholesale Distributors, Honolulu.
Cepr'igbt Han Scbidncr tt Mux
Silva's Toggery, Honolulu.
Dealers in General Merchandise
American Factors Paints
AmFac Red Label Coffee
Yale Locks & Hardware
WHOLESALI
DISTRIBUTORS
i We. o. hall & son ij
l gdl HONOLULU
p' ' I Distributors
F Ilk TERRITORY OF HAWAII ffJM
Governor Cox's
Plan for Sugar
(From Facts About Sugar)
According to press reports Governor
Cox in a recent campaign speech In
San Francisco made the following
reference to sugar:
"I am in favor, under circumstances
such as this, of the government,
through Congress, supplying a rotary
fund, to be placed in the hands of the
President of the United States, for
the purchase of as much of the sugar
crop as is necessary to prevent profit
eering. If elected In November I
shall recommend to the Congress that
this be done for future emergencies
in food supplies." ,
It is not the policy of "Facts About
Sugar" to enter into political discuss
ions or to participate in partisan cam
paigns. In this -instance, however, a
definite policy which, If adopted, would
have a very important effect upon the
sugar industry Is announced by one
of the two leading candidates for
the Presidency. Under these cir
cumstances we consider it eminently
proper to comment briefly upon this
particular statement.
If Governor Cox has studied the
sugar situation at all he must be
aware that exactly the provision he
advocates was in force last year.
Authority to purchase sugar of either
domestic or foreign production had
been vested in the President by Con
gress and this authority was backed
by the large sum appropriated at the
time when the law was enacted, plus
the many millions accumulated by the
Sugar Equalization Board through its
operations in Cuban sugar of the crop
of 1918-19. Thus the very conditions
desired by Governor Cox as a means
of preventing profiteering were In ex-
stance at that time. An urgent
recommendation that this power be
exercised in the purchase of the 1919
20 Cuban crop was submitted to the
President by the majority of the
Sugar Equalization ftoard and similar
recommendations were made by Am
erican sugar producers and by others
conversant with the situation. Had
these recommendations been adopted
the government would have been in
absolute control of the price of sugar
throughout the current year, but no
action whatever was taken by the
President. The reason for this pre
sumably was either because the
President did not consider such action
necessary or because he was too much
Immersed in other matters to give it
attention. Either explanation reveals
a serious practical flaw in this pro
posal.
That the government should be able,
in times of special emergency brought
about by war or famine, to exercise its
powers to provide food supplies or to
equalize their distribution is eminently
proper. Under such conditions the
authority for whatever action may be
necessary undoubtedly will be found.
But to add to the too-numerous bur
dens now imposed upon the President
the task of buying the people's yearly
sugar supply or any part of it would
be to run directly counter to the
nation wide demand for the termin
ation of autocratic executive powers
and for the elimination of government
al activity in the normal field of
business.
The blighting effect upon the sugar
industry itself of dependence from
season to season upon the decision of
the President as to whether its crop
was to be free or government con
trolled need not be dwelt upon. Gov
ernor Cox was speaking presumably
from the viewpoint of the consumer
and the consumer, judging by his re
cent experiences, will be inclined to
put his trust in the undisturbed oper
ation of supply and demand rather
than in political administration of his
supply.
Governor Cox attributes the recent
high prices of sugar to "the reign of
profiteers." In this connection it is
pertinent to point out that the pro
ducers of sugar had nothing whatever
to do with the establishment of high
prices for their commodity. A large
proportion of the domestic producers
in fa.ct have not derived any benefit
from the skyrocketing of prices, the
profits from which have gone mainly
into (ho pockets of producers and sel
lers of foreign grown sugar. Even
the latter did not start the upward
movement of prices. This was due
to the action of buyers, especially large
consumers, in rushing into tho market
and forcing up prices by bidding
against one another at a stage of the
season when available supplies were
inadequate to meet the demands.
Speculators followed In the wake of
these eager buyers, it is true, but
those speculators rodo with the tide;
they did not cuso it. Many of them
have been financially crljrled or c:i-l
tirely wiped out in the debacle of
prices during the past three months.
So far as producers, refiners or
handlers of sugar within the United
States are concerned the government
has possessed and has exercised the
authority to prevent the exaction of
P. O. Box G
Tel. W-1 5
G. B. If OFGAARD ft C0..LT D.
WAIMEA, KAUAI
-DEALERS IN-
General Merchandise
-AND-
Building Materials
BRANCH STORES
Kekaha Waimea Mana
. -
J
Jxte"
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(Continued on Page 8)
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